The U.S. dollar fell on Friday as markets rallied on relief from geopolitical tensions, per Bank of America strategists.
BofA maintains a cautious near‑term stance but keeps its longer‑term bearish view on the dollar, favoring AUD/JPY long positions.
The bank recommends opportunistic longs on the Brazilian real, Chilean peso versus Colombian peso, and the Malaysian ringgit.
Technical analysis shows a double‑top on the dollar index and a golden‑cross signal suggesting buying opportunities ahead of May.